Industry

IBM Cloud as-a-service revenue up by 32 percent

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In its second-quarter earnings released Tuesday, IBM posted yet another strong quarter for cloud, with 15 percent growth year over year and a total of $3.9 billion in revenue in the quarter ($15.1 billion over the past 12 months).

Particularly strong was IBM as-a-service offerings, which saw a 32 percent year-over-year boost and an annual exit run rate of $8.8 billion.

“In the second quarter, we strengthened our position as the enterprise cloud leader and added more of the world’s leading companies to the IBM Cloud,” said Chairman, President and CEO Ginni Rometty. Clients including Lloyds Banking Group, American Airlines, Bombardier, BMW, Comcast Business and NVIDIA started or expanded work with IBM Cloud.

For more about IBM Cloud revenue, including how strategic imperatives generated big growth, check out the infographic below.

IBM Q2 cloud revenue

 

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